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Oil Shock & Gas Tax

Friday, 23 Mar 2012 | 7:00 PM ET

CNBC's Sharon Epperson reports oil spiked past $108 on Friday, and research from Citi shows North America could become the fastest growing oil and gas region in the world within the next decade. Also, debating whether taxing big oil will bring down prices at the pump, with Jared Bernstein, Center on Budget & Policy Priorities, and Phil Kerpen, Americans for Prosperity.